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Registered: ‎02-03-2012

Bitcoin value drops after FBI shuts Silk Road drugs site

[ Edited ]
FBI warning
Visitors trying to access the Silk Road are now presented with a seizure notice.

The value of bitcoins has dropped after the closure of the clandestine Silk Road online marketplace.

The FBI seized bitcoins worth approximately $3.6m (£2.2m) on Tuesday.

The price of a bitcoin, a virtual currency for use online, fell steeply after the arrest of suspected website administrator Ross Ulbricht.

Investor confidence may have been shaken by the association of bitcoins with illegal activity, according to a security expert.


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Registered: ‎10-05-2013

Re: Bitcoin value drops after FBI shuts Silk Road drugs site



Bitcoin is back up to $130 (

People are spamming the wallet that the FBI siezed (renamed "Silkroad Seized Coins") with 0.00000001 BTC transfers, using the Public Notes field to voice their opinions (